Xometry, Inc. (NASDAQ:XMTR) Citi’s 2025 Global Technology, Media and Telecommunications Conference September 3, 2025 3:30 PM EDT
Company Participants
Randolph Altschuler – Co-Founder, CEO & Director
James Miln – CFO & Principal Accounting Officer
Conference Call Participants
Ronald Josey – Citigroup Inc., Research Division
Presentation
Ronald Josey
MD and Co-Head of Tech & Communications
Happy to have to share the stage, be on stage with Xometry’s CEO and Founder, Randy Altschuler; and then CFO, James Miln. So I think we all know about Xometry. We’ve been public for a few years now, and so we can sort of get to the questions. But I was talking to a few guys today, and we know Xometry is a marketplace for manufacturing or whatever. But also, I thought the buzzword supply chain platform is a good way of saying what Xometry is. So throwing out that comment because I like the way that sounds, and I think that makes a lot of sense.
So with that said, let’s jump into it.
Question-and-Answer Session
Ronald Josey
Citigroup Inc., Research Division
So let’s see, Randy, we — I want to — you’re coming off a pretty good 2Q, right? And just rattling off numbers, 2Q results, we saw a 21.5% growth in annual buyers. You saw 26% marketplace revenue growth. You saw gross margins in marketplaces expand. Just talk to us about just what the drivers of this momentum here. I think you mentioned smarter quoting, dynamic pricing, workflows, sourcing. We’ll get into the products at maybe a higher level. Paint the picture for us on where we are.
Randolph Altschuler
Co-Founder, CEO & Director
Sure. So as you described, a good second quarter. Year-to-date growth has accelerated from last year, both overall revenue and our marketplace revenue growth, record high gross margin for marketplace and overall record gross
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